Five Penny Stocks that Captured the Attention of Billionaires

Finally, LeapFrog Enterprises, Inc. (NYSE:LF) was included in the 13F filings of 17 funds from our database, although they held just 8.50% of its outstanding stock at the end of June. LeapFrog develops toys and educational entertainment for children. The 85% drop in the stock over the last year follows a series of earnings reports that missed estimates, although analysts expect LeapFrog Enterprises, Inc. (NYSE:LF) to deliver steady revenue growth for the next two years. Among the investors from our database, some of the largest stakes in LeapFrog Enterprises, Inc. (NYSE:LF) were held by funds that are managed or were founded by billionaires, such as D. E. Shaw, which reported owning 1.65 million shares, as well as Chuck Royce’s Royce & Associates and Jim Simons‘ Renaissance Technologies, with stakes of 794,100 shares and 494,787 shares, respectively.

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